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  3. Prices determine how resources are to be used. They are also the means by wh

Prices determine how resources are to be used. They are also the means by wh

游客2024-02-05  22
问题     Prices determine how resources are to be used. They are also the means by which products and services that are in limited【B1】______ are rationed among buyers. The price system of the United States is a complex network【B2】______the prices of all the products bought and sold in the economy as well as those of a myriad of services, including labour, professional, transportation, and public utility services. The【B3】______of all these prices make up the "system" of prices. The price of any particular product or service【B4】______ a broad and complicated system of prices in which everything seems to【B5】______more or less upon everything else. If one were to ask a group of randomly selected individuals to【B6】______"price", many would【B7】______that price is an amount of money paid by the buyer to the seller of a product or service or, in other words, that price is the money value of a product or service as agreed upon in a market【B8】______.
    This definition is, of course, valid as far as it goes. For a complete understanding of a price in any particular transaction, much more than the amount of money【B9】______must be known. Both the buyer and the seller should【B10】______not only the money amount, but with the amount and quality of the product or service to be exchanged, the time and place at which the exchange will take place and payment will be made, the form of money to be used, the credit terms and discounts that apply to the transaction, guarantees on the product or service, delivery terms, return privileges, and other factors. [br] 【B7】
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